Posted on 08/02/2024 5:02:30 PM PDT by CFW
California regulators have proposed a variety of government intrusions into the petroleum industry in order to combat future energy price surges, according to a report released Thursday by the California Energy Commission (CEC).
As the Golden State continues to pursue its green agenda, the CEC expects some of California’s nine oil refineries to be shuttered due to falling demand, which would give the remaining refineries increased pricing power and raise the possibility of a surge in gas prices, the study concluded. To solve this problem, the commission proposed a variety of government interventions, including expanded regulation on private refineries, the establishment of state-owned refineries and an increase in imports.
“The deployment of ZEVs [zero-emission vehicles] and a robust mass transit system are critical for achieving the state’s climate goals, reducing local air pollution, and eventually eliminating dependence on the volatile global petroleum markets. As demand for gasoline shrinks, refineries may close or convert to processing clean transportation fuels,” the report states. “This will lead to fewer gasoline refineries, with increased market concentration and associated market problems that often accompany it.”
[snip]
To address the market concentration issue, the CEC proposed a variety of state interventions, including setting up state-owned refineries.
“The State of California would purchase and own refineries in the State to manage the supply and price of gasoline,” wrote the study’s authors, with the scope of the initiative ranging from “one refinery to all refineries in the state.”
(Excerpt) Read more at dailycaller.com ...
Of course they did!
Venezuela here we come!
Yep. Getting out while the getting is good.
Like what happened in Venezuela.
Today would be a good day for Chevron to throw down the gauntlet and SHUT DOWN Their refineries in the State and vow to never Import ANYTHING to this State again.
Government created problems require a government created solution. All planned.
The oil business quietly fights leftists. The real purpose of nationalizing their business is to flip that significant source of money and power to be in support of leftists. California is quickly turning into Venezuela Norte.
The first x stands for Commie!
Yes red flags and welcome comrades signs all over the place.
Democrats making their strongest moves before the election rigging odds must look good for them.
I was bidding a project for PDVSA, they required the equipment’s serial number to be acid etched inside of the unit. The item was a large electric motor. I could not find any MFG which offered this etching, or would stop production to allow an outside etching company to handle. I informed the customer and also ask why the very unusual requirement. The answer was they had a theft problem. I explained to them that the large, 12,500 pound motor was not a theft problem, because you had to get a crane, a large of truck to hold the motor and the personnel that could unhook a medium voltage motor. So I said you have an organized crime problem and acid etching is not gonna stop them.
Quite telling how many people and businesses are moving out of that formerly nice state!
How about this? NO.
Gasoline rationing like in WWII?
The U.S. Office of Price Administration (OPA) rationed gasoline during World War II to conserve fuel and tires, and to give the government time to establish alternative delivery systems. The program began on the East Coast in May 1942 and nationwide in December 1942, and lasted until August 15, 1945.
4 gallons of gas per family/household/week.
From The National WWII Museum.
And then they just blame it on the republicans with their media monopoly.
Communism is a sickness.
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